Update on the WMATA Contract
WMATA terminated Mobico's paratransit services contract effective 12 May 2026 following breach of contract lawsuit.
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Further to prior disclosure, Mobico notes that on 12 May 2026 the Washington Metropolitan Area Transit Authority ("WMATA") issued a notice of termination to Mobico's U.S. subsidiary, Diamond Transportation Services Inc. ("Diamond"), to cease operating paratransit services effective on that date. Diamond is co-operating with WMATA to ensure an efficient transition of services.
This follows the filing of a civil lawsuit by Diamond on 28 January 2026 for breach of contract against WMATA in the U.S. District Court for the District of Columbia, as detailed in Mobico's unaudited 2025 results.
Due to ongoing and potential further reciprocal litigation, neither Mobico nor Diamond can comment further. There can be no certainty as to the outcome of any ongoing or potential future litigation in relation to the contract.
A further update will be provided as appropriate.
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